For Sale By Auction | 6.30pm , 15 May 2019 | Lot 4

Withernsea Service Station, Hollym Road, Withernsea, East Yorkshire, HU19 2PJ

*Guide | £190,000 - £210,000 (plus fees)

  • Petrol Station
  • Tenure: The property is held under freehold title with possession subject to the existing lease.

Call the team on 0845 400 9900 for more information

Auction Date

Wed 15/05/2019

Auction Time

6.30pm

Auction Venue

Beverley Racecourse, York Road, Beverley, HU17 8QZ

AN EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY IN THE FORM OF AN ESTABLISHED PETROL FILLING STATION AND CONVENIENCE STORE.

Occupying a high profile location on the corner of Hollym Road and Chestnut Avenue, this established petrol filling station and convenience store represents an excellent Commercial Investment opportunity. This is the only petrol station within the town and therefore serves a population of over 6400 residents. The property is let on a 6 year lease from September 2017 at a current rent of £20,000pa, although the current rent has been reduced to £1,200 pcm for 12 months to reflect improvements the tenant has carried out. This reduced rent period will end on the 19th September 2019 at which point the rent will increase to £22,500pa.

Tenure

The property is held under freehold title with possession subject to the existing lease.

Situation

Withernsea is a popular Seaside Town, with a good range of local facilities, including a leisure centre. There are a full range of schools and a local doctors surgery. The town benefits from a lovely Promenade and the summer months see a host of activities for all age groups, including a Carnival and Summer Time Special. There is a regular bus service through to the City of Hull.

Viewing

Strictly by appointment through Auction House Hull & East Yorkshire on 0845 400 9900. Public areas of the premises can be inspected during business hours.

Joint Agents

Dee Atkinson & Harrison 56 Market Place Driffield East Yorkshire YO25 6AW Tel: 01377 270331

Lease

The property is let on a six year FRI lease from 20th September 2017 with three yearly rent reviews.

Energy Efficiency Rating (EPC)

Current Rating TBC

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

East Riding of Yorkshire Council

Solicitors

Sandersons, 187 Queen Street Withernsea HU19 2JR , Ref: David Macnamara, Tel: 01482 324662

Offered in association with

Dee Atkinson and Harrison

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) in addition to the purchase price of the property.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.